What most people in undervalued homes care about is cost of living.Example a 200k house in your friends area rents for 1,500 a month.Your friends mortgage is 1,500 and his house is 80k underwater in value.He can go for a loan mod and get a reduction say to 900.Where if he let it foreclose he would have moving costs and renting elsewhere would have to put down deposits and pay much more money monthly.Not to mention where he moves to could get foreclosed on as well so there is no stability.A case where he doesn't need the space now and could find a much smaller space for a rental cheaper than the loan mod could make a case for a move.Example: Family had a home a parents got a divorce.5 months later father fell on hard times.Mortgage company wanted to loan mod him from 1,400 to 1,000.His children only visit on the weekend for one day a week.He ended up letting it foreclose and moved into an apartment for 400 a month still saving 600 more than the loan mod offered because the space was no longer needed.

I've been working on this sucker for 5 months after work, 3-4 hours per night and some weekends.

I hope to contact them this weekend by phone and possibly send a simple post card.

I am really hoping we can get it under contract in the next several weeks.Also, this weekend we put two REO properties under contract!

Really liked the area and you will have a local draw of weekenders.

And hope to see some of you this week-end at the summit!

Good point MitchIt's just I had 6 showings this past weekend and didn't get any applications

When I looked at the house this past weekend, there was water in the basement.

They had 16 offers come in on the property throughout the past weekend and this week.

It feels a bit high, working on a few more quotes this weekend.